NSEL Scam: Police file 9,000-page chargesheet against MCXs Jignesh Shah

Written by PTI | Mumbai | Updated: Aug 5 2014, 05:53am hrs
The Economic Offences Wing (EOW) of the Mumbai Police on Monday filed a 9,000-page supplementary chargesheet against MCX promoter Jignesh Shah, arrested in the R5,600 crore NSEL scam.

The first chargesheet in the case had been filed against other accused in January. "The 9,000-page chargesheet has been filed in the special Maharashtra Protection of Interest of Depositors court and we have annexed the statements of around 250 witnesses," said an EOW official.

Shah was arrested by the EOW on May 7. The sessions court rejected his bail application on June 24 and he has now moved the high court.

Shah came under the scanner last year when National Stock Exchange Ltd (a part of the Financial Technologies group founded by him) faced a payment crisis and nearly 18,000 of its investors allegedly lost millions of rupees. His defence has been that he was the non-executive director of NSEL and was not involved in day-to-day operations.

EOW also submitted a copy of the chargesheet before the Bombay High Court. The bail plea is likely to come up before Justice Abhay Thipsay on Tuesday.